6 Tips On How To Save Money On A Wedding

By Ashley Henshaw. May 7th 2016

You want your wedding to be a day you’ll never forget, but that doesn’t mean you have to spend a fortune to have a memorable day. There are plenty of ways to save money on a wedding and still have an elegant and fun event that you and your guests will enjoy. Here are some key tips for cutting back on spending when it comes to your big day.

Create A Budget

The first thing you need to do when it comes to financially savvy wedding planning is to make a budget. Figure out how much you will be able to spend on the big day. This number should be your maximum spending limit, not a vague figure that you need to hover around. Setting this limit is essential because it’ll help you look for more ways to save as you continue the planning process. Don’t worry about setting individual budget numbers for different aspects of the wedding – the dress, the photography, etc. Ultimately, your goal will be to come in under budget by finding deals or ways to save in all of these areas. Make it a challenge to spend less than your budget and you’re more likely to save yourself from unwanted debt.

Prioritize

Once you’ve got the budget, it’s time for you and your spouse-to-be to discuss your “must-haves” for the wedding. This could be a particular photographer, a specific venue or a caterer that you are dying to have. Whatever your priorities, they must fit reasonably into your budget to even be considered. Try to limit these to one or two things. This allows you to spend a little more on the photographer or venue or dress that you want with the understanding that it may lead to cuts in spending on other parts of your wedding day.

Limit Your Guest List

Similar to prioritizing your spending, limiting your guest list is another important way to save on wedding planning. That doesn’t mean you have to invite only your very closest friends and relatives, but take into account how much you’ll have to change your plans to accommodate your guests. Caterers often charge per person so just that cost alone will increase with every guest you include. Bigger weddings also need bigger venues, more tables, more flower arrangements, etc. Cutting back on guests cuts your spending while also giving you more options as to what you can afford.

Look At Lots Of Different Options

When it comes to your non-priority items, think outside the box and look at lots of different options. Maybe you always imagined your reception in a beautiful ballroom, but maybe a nice reception hall can be just as beautiful. Maybe you’d prefer your guests to have a buffet dinner, but think of how much you could save by doing cocktails and appetizers instead. Similarly, you can save a ton of money in most cases just by booking your wedding on a Friday or Sunday instead of a Saturday. Open yourself up to new ideas and options and you’ll give yourself more chances to find a great deal.

Read Contracts Carefully

Once you’ve decided on your wedding service suppliers – the band, the DJ, the florist, the venue, the caterer, etc. – it’s time to put it in writing. This is key to making sure you don’t go over budget because many wedding service suppliers try to sneak in extra fees in their contracts. Read through each contract carefully and make sure any specific details or requests you discussed are clearly stated in the contract. Then review the cancellation policy and details about any deposits you have to make. For deposits, it’s especially important to find out whether these go towards the total payment and whether you’ll get them back in the event of a cancellation.

Try DIY

Don’t forget that some of the wedding details can be done on your own for a fraction of the cost. If you’re up to the challenge, consider saving a lot of money on your wedding by trying do-it-yourself (DIY) projects in the weeks and days leading up to the big day. You can make your own cake, buy and arrange your own flowers, print your own invitations and programs or craft your own wedding favors. There are lots of great guides for how to do these things on your own, but be sure to price it out first. If it’s not going to save you a significant amount of money, it may not be worth the trouble and stress to do it on your own as opposed to hiring a professional.

In the end, your wedding day is going to be memorable no matter how much you spend on it. Make it a priority to ensure that you and your guests have a good time, but don’t worry too much about making everything perfect or impressing everyone in attendance. You can have just as great a time at a wedding that costs less if you take the time to do it right, and being newlyweds is much more fun when you’re not worrying about mountains of debt from your wedding plans.

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